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Elliman Report: Miami Coastal Mainland Sales 1Q 2017

The Miami mainland housing market entered 2017 with more stability than was experienced in 2016. The overall market was characterized by declining inventory along with a mixed picture on price trends and sales. Across the combined single family and condo markets, the number of listings fell 19.9% to 10,186 from the prior year quarter. While the total number of sales declined 2.7%, condo sales fell 13.4% to 1,666 and single-family sales increased 9.7% to 1,821 respectively over the same period…

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